Major Development In Trump’s NY Fraud Trial

Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

( – A judge in New York is anticipated to deliver a ruling in the civil fraud lawsuit against former President Donald Trump, involving a claim of $370 million, sometime between early and mid-February, as stated by a court representative. This case, initiated by the New York Attorney General’s Office under Letitia James, accuses Trump of inflating his net worth in financial documents to gain advantages in tax and insurance situations. These documents, which showcased the valuation of assets under the Trump Organization, were utilized in negotiations with banks and insurance companies for securing loans and business agreements.

The legal proceedings, which concluded in January after a span of two months, saw testimony from 40 individuals. This included statements from Michael Cohen, a former associate of Trump, high-ranking officials from the Trump Organization, and Trump’s adult children who play roles in the business, alongside Trump himself.

Although Judge Arthur Engoron had initially aimed to reach a verdict by the end of January, he has now indicated a more flexible mid-February timeframe for his decision, noting that this schedule could still change. Prior to the trial, Engoron had already determined Trump, his company, and some of its senior executives, which include his adult sons, to be liable for fraudulent activities. The trial has been marked by a notably strained interaction between Trump and Judge Engoron.

The lawsuit not only seeks a substantial financial settlement but also proposes a severe penalty for Trump, suggesting a permanent prohibition from participating in New York’s real estate sector. The final decision by Judge Engoron is pending and could be announced at any moment.

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